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0 sats \ 9 replies \ @momboteq OP 21 Aug 2023 \ parent \ on: Which sub should I choose? meta
No, I'm just not only BTC and what's the problem? Just the truth hurts in the eyes that there are better projects?
Have you heard about DAO hack in Ethereum back in 2016, which then led to hard-fork, and split to "Ethereum" which returned hacked funds by altering blockchain, and "Ethereum Classic" that maintained the original one?
Long story short: Shitcoins are centralised, bitcoin is not. That centralisation would kill most of them in decade or two at worst.
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there is a lot to consider when it comes to "better" projects. one factor is, will it still be around in 2025 or 2027
there are cryptocurrencies that were created a few years later than bitcoin and still exist today
have you studied austrian economics for example?
I'm not australian 🤣
As far as I can see, the arguments of these "True Bitcoiners" are the same as those of normal people when bitcoin was created, i.e.: bitcoin will collapse, bitcoin is a scam, bitcoin is a financial pyramid, etc.
In my opinion, the crypto community should unite and not divide
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Yes here you are exactly right. However, as you say yourself, there are good projects just need to be discovered. A lot of them are also the usual "for investment" projects, which do not bring anything to this market or solve the problems of the current world.
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I also agree with you. But I know of one such project that is called Nano. It is very undervalued and has a low value because people prefer DeFi, Meta, AI etc. to cryptocurrencies for value exchange (i.e. digital cash). Nano is branding itself as "Digital Cash". They have some proprietary blockchain system which is protected with PoW, is feeless and is super fast (like lightning network) which makes it good for this purpose. If you have 10-30 minutes of free time you can take a look at this project (of course you don't have to). It is not the best and I know it, but the idea itself is interesting. That's why I wanted to ask about a sub on which I can post things about other cryptocurrencies because I wanted to post a post in which I compare Nano to Lightning Network.
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Criticism is everywhere so it doesn't bother me. Perhaps my post will interest those who are open to other cryptocurrencies besides Bitcoin. As for PoS, Nano will not introduce such a system because there is no fee so no one will be staking coins because they will not get anything for it. Nano also wanted to give up PoW, but this is required to protect the network from spam.